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ben's father vinod is an old friend of the clintons'. over the years, he's donated thousands of dollars to theirs and other democratic campaigns. and over time the families became close friends. >> ben, a beautiful man with a beautiful life. some people live four times as long and don't do as much good or bring as much joy. >> why did you decide to call me? >> i called you in desperation. i wanted to know what to do. i just knew that somebody needed to do something, but that's why i called you. i thought you -- a, i knew you'd care about it. and, b, i thought you'd know something about it. >> i could tell in your voice that you were pretty broken up. what kind of kid was he? >> a light shined out of him. that's all i can tell you. he grew up, he was big, strong, handsome, smart and wanted to make something of his life. he was industrious, but he was normal and liked to have a good time. i promise you that night he had no idea that he was turning out the lights. none. and if it's true of him, it's got to be true of a lot of other people.
ben's father vinod is an old friend of the clintons'. over the years, he's donated thousands of dollars to theirs and other democratic campaigns. and over time the families became close friends. >> ben, a beautiful man with a beautiful life. some people live four times as long and don't do as much good or bring as much joy. >> why did you decide to call me? >> i called you in desperation. i wanted to know what to do. i just knew that somebody needed to do something, but that's...
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we are proposing to let the rates go back to clinton levels. that was a time of remarkably good economic growth in the country. strong private investment, strong job growth and strong growth in next. it was a good time for the american economy. makes a lot of sense. but in addition to that we propose to limit deductions for the top two percent of americans as well. we are willing to work with republicans on tax reform to create a more simple and fair system but only part of an agreement that has the rates go back up at the end of the year. >> 39.6%? >> and the reason eye why -- >> i understand the reason why. >> if you don't do that, you have to ask yourself where, whose taxes are you going to raise? where are you going to fine the money to bring a balanced plan in place that reduces our long-term deficit? >> how does that go for the economy if we go over the cliff? >> the american economy? >> yes. >> it would be very damaging. there's no reason it should happen. the only reason it would happen is if a group of members of congress decide they a
we are proposing to let the rates go back to clinton levels. that was a time of remarkably good economic growth in the country. strong private investment, strong job growth and strong growth in next. it was a good time for the american economy. makes a lot of sense. but in addition to that we propose to limit deductions for the top two percent of americans as well. we are willing to work with republicans on tax reform to create a more simple and fair system but only part of an agreement that...
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Dec 9, 2012
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ronald reagan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a crisis caused by a massive industry in real-estate due to policies to seven everybody encouraged to take out a mortgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this? that is left in here and even encouraged because it implies some banks will be bailed out. >> right. when you say the bank is systemic you say it is an institution to big and important and critical to allow to be left 57 they have labeled them systemic. it shows what happens and white increases the risk. the big banks can borrow money more cheaply because they think the government will bail them out. >> creditors know they will not be bailed out if they fail so they give them money at it cheaper rate. >> jpmorgan chase pays $4 interest but the small bank pays $70 $0.50.
ronald reagan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a crisis caused by a massive industry in real-estate due to policies to seven everybody encouraged to take out a mortgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this?...
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Dec 7, 2012
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have a good weekend. >>> hillary clinton is defending u.n. ambassador susan rice calling her a colleague. she has come under fire about the attack on the u.s. consulate in benghazi. >> our understanding evolved over time and we've done our best to keep the american people and the congress informed. that was her goal. that was her mission, and she should not be criticized for doing exactly that. my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer up to 9 months. [ male announcer ] because enbrel®, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal, events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tu
have a good weekend. >>> hillary clinton is defending u.n. ambassador susan rice calling her a colleague. she has come under fire about the attack on the u.s. consulate in benghazi. >> our understanding evolved over time and we've done our best to keep the american people and the congress informed. that was her goal. that was her mission, and she should not be criticized for doing exactly that. my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i...
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Dec 8, 2012
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however, i think if we fall to the clinton era tax rates, i'm okay with that. i think that e we ought to have some wiggle room on the tax rates because i think the country wants us to compromise. so there's compromise space there, but make no mistake, we're not going to compromise away the upper end tax rates. that's on the table. it will stay on the table. that's what the american people are asking for. >> congressman, great to have you with us tonight on "the ed show." appreciate your time. remember to answer tonight's question. share your thoughts on twitter and on facebook. we always encourage you and want to know what you think. >>> coming up, mitch mcconnell filibusters his own bill in the senate. bernie sanders joins us to talk about what that means for the future. >>> and fiscal cliff talks. stay with us. you're watching "the ed show" on msnbc. low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their resp
however, i think if we fall to the clinton era tax rates, i'm okay with that. i think that e we ought to have some wiggle room on the tax rates because i think the country wants us to compromise. so there's compromise space there, but make no mistake, we're not going to compromise away the upper end tax rates. that's on the table. it will stay on the table. that's what the american people are asking for. >> congressman, great to have you with us tonight on "the ed show."...
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Dec 6, 2012
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that is what bill clinton is saying. he told an audience in sacramento that all the warnings of bloom and doom are political theater. quote now, the american people people are going to be sick when they watch it. it's just a kabuki dance, two dogs meating each other over a piece of meat they are sniffing each other out, end quote. always colorful. is that what is going on? >> reporter: there's been a lot of sniffing here in washington. i don't know if they like what they are spelling down here on either side on the deal. yeah, people have been describing it like that, some people said it's like a scorpian dance, you know, they are kind of stalking each other and waiting to get in that room and make the deal. erskine bowles said something similar that, both sides can't really talk about what it's going to be, because they would get pummeled by the base if either side really knew what they are going to in the end agree to. that is the hopeful optimistic side that a deal will be reached. there is another side that says, thi
that is what bill clinton is saying. he told an audience in sacramento that all the warnings of bloom and doom are political theater. quote now, the american people people are going to be sick when they watch it. it's just a kabuki dance, two dogs meating each other over a piece of meat they are sniffing each other out, end quote. always colorful. is that what is going on? >> reporter: there's been a lot of sniffing here in washington. i don't know if they like what they are spelling down...
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Dec 10, 2012
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when he talked about the popularity of bill clinton. that's not because of the color of clinton's eyes or the cut of his suit suits, that's bought cn had real economic growth that benefited most people. you have to keep your eye on that prize. what is going to be our answer as republicans to the party of raising living standards for most people. >> we have no idea what's going to happen between now and 2016. the world could change for all we know. the economic situation would change dramatically. we have no way of knowing. but it's fun to talk about the possibility of hillary clinton running for president -- >> i'm excited about the prospect that she might run again. >> are you surprised the president once again today went to michigan? it looked like a campaign rally. he's out there campaigning now for his position on the fiscal cliff and also campaigning against the anti-union vote that's coming up tomorrow in michigan. >> he certainly owes organized labor. and obviously if you're a democratic president and there's a ballot like this,
when he talked about the popularity of bill clinton. that's not because of the color of clinton's eyes or the cut of his suit suits, that's bought cn had real economic growth that benefited most people. you have to keep your eye on that prize. what is going to be our answer as republicans to the party of raising living standards for most people. >> we have no idea what's going to happen between now and 2016. the world could change for all we know. the economic situation would change...
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the president's been very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot take a rate increase to his caucus unless it is accompanied by some signal of real entitlement cuts. something that they do now and give a down payment on for the future. i don't think you get -- could get rates through unless the president gave a little bit. and if you look at the document from the grand bargain back in july of 2011, the president was willing to give on that. so we'll have to see if they can get back to that. but again, has to be one significant item that they know they'll be able to build upon in the future. an item from both sides. >> neither side's going to be thrilled. but they've got to compromise. >> that's the way life usually works, doesn't it? >> certainly does. thank you. >>> meanwhile, huge announcement today on capitol hill. the con
the president's been very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot take a rate increase to his caucus unless it is accompanied by some signal of real entitlement cuts. something that they do now and give a down payment on for the future. i...
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they'll have another clinton step up? further more, the democratic party is split. 17% of them are extremely lib rals and the rest of them are centrists. the senators that are running are centrists. the ones that just got elected with centrists. >> she bridges that divide right now. >> what's happened is, the extreme liberals, i guess i talk to a lot of those guys, they're also pragmatic. they would see hillary clinton as someone who could continue to make incremental progress toward what they want. >> i do think -- the whole race of 2016 pivots off of her. it will pivot off of her. republicans are going to pivot off of what she does. this is a moment where we're going to have a dominant woman candidate for president. whether hillary clinton runs or not, another woman is going to run. washington is in dire need of women leadership. this country would be served well, whether it's hillary or someone else, a woman candidate emerged. >> junior senator from new york will be that woman who's now occupying hillary's seat. >> and
they'll have another clinton step up? further more, the democratic party is split. 17% of them are extremely lib rals and the rest of them are centrists. the senators that are running are centrists. the ones that just got elected with centrists. >> she bridges that divide right now. >> what's happened is, the extreme liberals, i guess i talk to a lot of those guys, they're also pragmatic. they would see hillary clinton as someone who could continue to make incremental progress...
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next week, hillary clinton will testify to congress about the attack. she'll face serious questions about whether diplomats in conflict zones have enough security. u.s. officials praised egypt officen as this coutry cal david? >> nick, thank you. >>> to syria tonight. the threat of chemical weapons appears to be growing. there is new proof those weapons may be in the hands of both sides. alex marquardt got inside syria where he fir he reports infom e oric' allies, great britals it had seen evidence thatria has prepared wea so far, no proof has been offered publicly at the same time, syria has the rebels could usmicl weapons, racheting up the tension in this conf fighting has gripped the syrian capital, damascus. rebels are trying to take the airport. potentially huge logistical blow to the assad regime. american officials are scared a desperate assad could use chemical weapons. and said regime forces recently prepared components of sarin gas. a highly deadly nerve agent. syria does not acknowledge having chemical weapons. said they will never be used ag
next week, hillary clinton will testify to congress about the attack. she'll face serious questions about whether diplomats in conflict zones have enough security. u.s. officials praised egypt officen as this coutry cal david? >> nick, thank you. >>> to syria tonight. the threat of chemical weapons appears to be growing. there is new proof those weapons may be in the hands of both sides. alex marquardt got inside syria where he fir he reports infom e oric' allies, great britals...
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we'll talk with former republican senator it alan simpson, and clinton white house chief of staff, erskine bowles, who chaired the first deficit reduction commission. they're concerned about the dangers ahead. so concerned that simpson took to the dance floor to urge young people to get involved. we'll also get the take of rising democratic star cory booker, the mayor of newark. what's his answer to the washington gridlock? and is he planning a run for governor against chris christie. for analysis, we'll turn to joe klein of "time" magazine. "washington post" columnist michael gerson, and our own norah o'donnell and major garrett, our chief white house correspondent. it's all ahead on "face the nation." captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: good morning, again. well, to the famous combos of modern life, from mac and cheese, peanut butter and jelly, rum and coke, bread and butter, and salt and pe pepper, add one more pair simpson-bowles. alan simpson may be in wyomingy and erskine bowles in north carolina but you can't m
we'll talk with former republican senator it alan simpson, and clinton white house chief of staff, erskine bowles, who chaired the first deficit reduction commission. they're concerned about the dangers ahead. so concerned that simpson took to the dance floor to urge young people to get involved. we'll also get the take of rising democratic star cory booker, the mayor of newark. what's his answer to the washington gridlock? and is he planning a run for governor against chris christie. for...
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what was so bad about the 39.6% highest rate under bill clinton? the economy was pretty good under bill clinton and that grumbling from democrats, i think, will be helpful to, ironically, republicans because a lot of republicans on the right are going to be saying to boehner, we had pledged to grover norquist no tax increase at all and here you are, agreeing to what is effectively, a tax increase. and i think that both sides are going to have to give a little bit of something. and that 37% may be the golden median. >> doug, let's talk about the unemployment report that came out. it shows 7.7% unemployment. you know, i know a lot of democrats want to say, oh, it's dropping, but it seems to me for months and months and months, the unemployment numbers have just remained awful. they move a little up and down, but they're just a mess. 12 million people unemployed. it seems to me that that could cut either way. republicans could still lean on that and say, you may be winning the pr war on this thing right now. but don't forget, you've got a big problem
what was so bad about the 39.6% highest rate under bill clinton? the economy was pretty good under bill clinton and that grumbling from democrats, i think, will be helpful to, ironically, republicans because a lot of republicans on the right are going to be saying to boehner, we had pledged to grover norquist no tax increase at all and here you are, agreeing to what is effectively, a tax increase. and i think that both sides are going to have to give a little bit of something. and that 37% may...
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praised clinton in a more than ten-minute video tribute. take a look at this. >> strength, toughness, very strong streak of principle. >> i had the opportunity to work with her, to achieve ceasefire between israel and hamas. >> a strong and determined leader. >> politics as a mother, as a senator, the pinnacle up to now of her public service. >> one of the best secretary of states in american history and finally, hillary, a lot has been said about our relationship and here is what i know. you haven't just within one of my closest partners, you've become a great friend. >> yet this was not it at the 2016 convention yet. for those wondering if clinton may have politics in her faw tour listen to how the video wrapped up and secretary clinton's reaction. >> on the side of human rights, human dignity. more countries may have the same extraordinary good fortune that we've had. >> someone who knows a thing or two about political comeback, i can tell you i don't think we've heard the last of hillary clinton. ♪ girl, you're amazing just the way yo
praised clinton in a more than ten-minute video tribute. take a look at this. >> strength, toughness, very strong streak of principle. >> i had the opportunity to work with her, to achieve ceasefire between israel and hamas. >> a strong and determined leader. >> politics as a mother, as a senator, the pinnacle up to now of her public service. >> one of the best secretary of states in american history and finally, hillary, a lot has been said about our relationship...
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hillary clinton was not clear about what the red line would be? >>reporter: that is right. for the talk about a "red line" is seen as crossing, officials are being vague about the actions by the americans that it would trigger. >> we think it is important to prepare if contingency planning. we are actively consulting with friends, and allies and the opposition. i would not want to speculate what actually might happen. >>reporter: the sites where certain president bashar al-assad stores and maintains the stockpiles of chemical weapons and their related components are broadly speaking, known to american intelligence agencies much the step up movement at the locations was first reported by "new york times" and senior officials confirmed it to fox news and added "we don't know if the scenes plan to use them but there are troubling signs." the real fear on the part of the obama white house specifically is that assad, having failed to stop the two year uprising using conventional military means and having killed an estimated 40,000 people in the process, could now turn to weapons
hillary clinton was not clear about what the red line would be? >>reporter: that is right. for the talk about a "red line" is seen as crossing, officials are being vague about the actions by the americans that it would trigger. >> we think it is important to prepare if contingency planning. we are actively consulting with friends, and allies and the opposition. i would not want to speculate what actually might happen. >>reporter: the sites where certain president...
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does he insist on raising the top rate from 35% all the way up to the clinton rate of 39.6%, or would he compromise on something lower, like 37%? is that negotiable. >> we will not extend an extension of the tax rates for the top 2%, we think they should go back and need to go back to clinton levels and let me explain why. >> chris: i just -- to answer my question, specifically, you are saying nonnegotiable, 39.6%. >> we think that is the way to do it. if you don't do that, it costs a trillion dollars, roughly a trillion dollars over ten years. >> chris: not if you went to 37%. >> again, but you are -- >> that is one of the ideas, out there, sir, i'm not making it up. >> that is out there, and again we are proposing to let the rates go back to clinton levels and that was a time of remarkably good economic growth, in the country. strong private investment, and strong job growth, strong broad-based growth in incomes, and, it was a good time for the american economy and in addition we propose to limit deductions for the top 2% of americans as well and are willing to work with republicans
does he insist on raising the top rate from 35% all the way up to the clinton rate of 39.6%, or would he compromise on something lower, like 37%? is that negotiable. >> we will not extend an extension of the tax rates for the top 2%, we think they should go back and need to go back to clinton levels and let me explain why. >> chris: i just -- to answer my question, specifically, you are saying nonnegotiable, 39.6%. >> we think that is the way to do it. if you don't do that, it...
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do you think we're looking at bush versus clinton in 2016? >> i think the picture on the democratic side this far out, there's a little more clarity to it -- there's a lot more clarity than the republican side. if hillary clinton were to run in 2016 there are obviously no guarantees in life or politics, but within the democratic party for the democratic nomination, she will be a front-runner like we have never seen before. and i know we sort of said that about her in the run up to '08. she had two liabilities in '08 that were gone. she was considered too much of a polarizing figure. can she get independents to vote for her in the fall. the republicans who had been just relentless critics of her for 15 years in the '90s and the last decade, they have rolled over and lionized her as sort of this alternative 1i78 boll. this is the democrat we like. there's that and the other thing that dragged her down on the democratic side was the iraq war and i think largely that's forgotten now. i think her two big liabilities on the democratic side are gone
do you think we're looking at bush versus clinton in 2016? >> i think the picture on the democratic side this far out, there's a little more clarity to it -- there's a lot more clarity than the republican side. if hillary clinton were to run in 2016 there are obviously no guarantees in life or politics, but within the democratic party for the democratic nomination, she will be a front-runner like we have never seen before. and i know we sort of said that about her in the run up to '08....
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tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger package, but i agree with you. i think we have to get serious about these spending cuts. i just applied for social security and i want mine. >> all right. rich, appreciate it. eric, thanks. let us know what you think. follow me on twitter. i'm tweeting tonight. >>> just ahead, 21 months after bashir al assad began killing his own people, the fighting is raging in syria. the rest of the world may finally be convinced things are critical there. senator john mccain is asking what took so long. more from him ahead. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd
tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger...
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the same rate we had when bill clinton was president. we have to ask you and me and the wealthiest among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red line, if it you ask if he will accept anything else, he doesn't really answer. >> tax rates. are you -- is there no deal at the end of the year if tax rates for the top 2% aren't the clinton tax rates, period. no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't in
the same rate we had when bill clinton was president. we have to ask you and me and the wealthiest among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red...
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there is new speculation that hillary clinton will run for president in 2016. fueling the newest speculation you might ask? here appearance at the annual conference on middle east policy that took place in washington friday night. more than 10 minute video tribute. secretary clinton was praised by political rivals from senator onmccain and the president and by other world leaders. >> someone who knows a thing or two about political comebacks, i don't think we've heard the last of hillary clinton. ♪ girl you're amazing just the way you are ♪ >> i just have an instinct that the best is yet to come. >> i prepared some remarks for tonight, but then i thought maybe we could just watch that video a few more times. and then the next time i could count the hairstyles, which is one of my favorite past times. >> joining me now is ken vogel. you heard bibi netanyahu say he has an instinct the best is yet to come. what would be better perhaps some say than seeing hillary clinton run for president? >> indeed. that's what a lot of her supporters want. they are actually l
there is new speculation that hillary clinton will run for president in 2016. fueling the newest speculation you might ask? here appearance at the annual conference on middle east policy that took place in washington friday night. more than 10 minute video tribute. secretary clinton was praised by political rivals from senator onmccain and the president and by other world leaders. >> someone who knows a thing or two about political comebacks, i don't think we've heard the last of hillary...
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we need to go back to the clinton era rates for the most well off americans. it's not going to kill us. the line between freedom and tyranny is not the 35 we pay now and the 39 that the rich will pay as we did when america was a communist paradise. it's just silly now. you've got to be for a tax rate increase or we will go over this fiscal cliff. >> no, you don't. you could raise from a carbon tax of $20 a ton, which will deal with, we are having the biggest record carbon levels. you could raise -- at 4% a year over the next ten year, twice as much as you could from allowing the bush tax rates to lapse. why the income tax system is overburdened in the united states. we use it too much. we should be looking at other taxes. we can't do it in 29 days. why are we doing it in 29 days? >> but the president ran on >> the republicans must agree to higher tax rates on well off americans. all the way to the 39.6 that the president, they have to. that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have
we need to go back to the clinton era rates for the most well off americans. it's not going to kill us. the line between freedom and tyranny is not the 35 we pay now and the 39 that the rich will pay as we did when america was a communist paradise. it's just silly now. you've got to be for a tax rate increase or we will go over this fiscal cliff. >> no, you don't. you could raise from a carbon tax of $20 a ton, which will deal with, we are having the biggest record carbon levels. you...
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. >> foremost is who will replace hillary clinton as secretary of state? the white house signaled that un ambassador susan rice will be the choice . this week, the president voiced ut most confidence in her. >> susan rice is extraordinary . couldn't be prouder of a job done. >> also this week another republican senator expressed major doubts about rice not only about the bengazi terrorist attack but because of the africa section during the terrorist attack in the embassy in kenya when they pled for better security. susan collins teled the message to the administration about the secretary of state opening. >> i think john kerry would be an excellent appointment and easily confirmed by the colleagues. >> there are other key cabinet picks. secretary of the defense will have to contend with a destabilized middle east and rising threats from asia when big defense cuts are anticipated. former republican chuck ha gel of nebraska and ashton carter and michelle florinoid . act being director michael more accident orell . homeland security advisor michael vickers an
. >> foremost is who will replace hillary clinton as secretary of state? the white house signaled that un ambassador susan rice will be the choice . this week, the president voiced ut most confidence in her. >> susan rice is extraordinary . couldn't be prouder of a job done. >> also this week another republican senator expressed major doubts about rice not only about the bengazi terrorist attack but because of the africa section during the terrorist attack in the embassy in...
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Dec 7, 2012
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what the defense of marriage act case, what the law says, passed in 1996, signed into law by president clinton, that law says that the federal government will not recognize same sex marriages, even in the states where it's legal. so if you are a married couple, same sex couple in massachusetts, you can't file a joint tax return, can't inherit tax free the way heterosexual married couples can. the obama administration says, agrees that law is unconstitutional. that law is now being defended by a lawyer hired by the republicans in the house of representatives. so that -- that is one case. the other case is the proposition 8 case in california. if you recall, california -- there was a referendum -- the california supreme court ruled that there had to be same sex marriage under the california constitution. gay people had the right to get married there for a brief period of time. then there was an initiative put on the ballot, proposition 8, california voted in a close election to overturn same sex marriage. same sex marriage was banned after it was briefly legal. the federal district court had a t
what the defense of marriage act case, what the law says, passed in 1996, signed into law by president clinton, that law says that the federal government will not recognize same sex marriages, even in the states where it's legal. so if you are a married couple, same sex couple in massachusetts, you can't file a joint tax return, can't inherit tax free the way heterosexual married couples can. the obama administration says, agrees that law is unconstitutional. that law is now being defended by a...
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the president needs to take a page out of president bill clinton -- >> he's in philadelphia with the middle class behind him and nodding and saying, i've got a pen, i've got a pen. i've still got a pen, i've still got a pen. >> president obama owes president clinton a great deal for helping him get elected. number one, we need a meaningful citizen education engagement effort with the white house in formada, next year to build the case for a grand bargain. the official version of what i did and what my colleagues did over the last several months and we need congressional hearings that will set the stage for tax reforms, social security reform and the president needs to negotiate privately and have discussions with congressional leaders of both parties privately. those three things can get us to the promt promise land. and without all three of those, we're in trouble. >> but, david, that is exactly what was supposed to happen between july of 2011 and today. and guess what? none of it has happened. none of it. we're having the same conversation. >> you know what? >> only the president c
the president needs to take a page out of president bill clinton -- >> he's in philadelphia with the middle class behind him and nodding and saying, i've got a pen, i've got a pen. i've still got a pen, i've still got a pen. >> president obama owes president clinton a great deal for helping him get elected. number one, we need a meaningful citizen education engagement effort with the white house in formada, next year to build the case for a grand bargain. the official version of...
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Dec 6, 2012
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i'm not saying they'd do every detail. >> so was gingrich and clinton. >> and clinton and gingrich evolved into that kind of relationship. and i must say the president has done a poor job. he did a poor job last year and he's done a poor job this year. two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't heard from democrats in the senate. i'm going to guarantee you that the democrats in the senate are going to be split on this business of who's rich and what the right tax rates are going to be. >> i have to leave it there, chaps. nick, larry, thank you both much, indeed. >>> coming up next, kerry kennedy joins me about fame, politics and most important of all, taylor swift.ta alka-seltzs cold
i'm not saying they'd do every detail. >> so was gingrich and clinton. >> and clinton and gingrich evolved into that kind of relationship. and i must say the president has done a poor job. he did a poor job last year and he's done a poor job this year. two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a...
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Dec 10, 2012
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i mean, if their competitor in '16 is going to be hillary clinton, supported by bill clinton and presumably a still relatively popular president barack obama, trying to win that will be truly the super bowl. and the republican party today is incapable of competing at that level. and it's part of this cultural thing with our consultants. you start out thinking giving away 47% of the country, by the way, which included retirees, veterans. you know, it was an absurdity. and i think this is much more than mitt romney. we didn't blow it because of mitt romney. we blew it because of a party which has refused to engage the reality of american life and refused to take -- to think through what the average american needs for a better future. >> but recall what you said about 1964. in december 1964, lyndon johnson was re-elected. goldwater was finished. it was the end of the republican party. and at the end, the republicans nominated a man named richard nixon. and he became president. unthinkable. >> so you can have a tcampaign between hillary clinton and jeb bush, representing 36 years of bushes on n
i mean, if their competitor in '16 is going to be hillary clinton, supported by bill clinton and presumably a still relatively popular president barack obama, trying to win that will be truly the super bowl. and the republican party today is incapable of competing at that level. and it's part of this cultural thing with our consultants. you start out thinking giving away 47% of the country, by the way, which included retirees, veterans. you know, it was an absurdity. and i think this is much...
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david: okay, but the fact is that they lowered tax rates during the clinton area. they lowered the capital gains rates from 28% to 20% in 1997. that had an enormous impact on increasing product it, brought in twice the amount of revenue from capital gains they were getting with the higher rates. actually, the president answered a question related to this. mike says, mr. president, why won't keeping tax rates low across the board encourage hires and, therefore, more tax revenue? now, listen to what the president answers. he says: high-end tax cuts do least for economic growth and cost almost $1 trillion. extending middle class accounts boosts consumer demand and growth. but, in fact, as i said, when they lowered tax rates and capital gains, you had increased growth. >> yeah. david: so the concern is if you increase rates right now, you will cut down on the growth in the economy. >> we've seen it in europe. whenever they increase rates on the near term on slow growth economies, devastation -- david: and they just did it in france. they just did it in spain. they just
david: okay, but the fact is that they lowered tax rates during the clinton area. they lowered the capital gains rates from 28% to 20% in 1997. that had an enormous impact on increasing product it, brought in twice the amount of revenue from capital gains they were getting with the higher rates. actually, the president answered a question related to this. mike says, mr. president, why won't keeping tax rates low across the board encourage hires and, therefore, more tax revenue? now, listen to...
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Dec 9, 2012
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the president and hillary clinton said, that's it, red line, you use chemical weapons, we'll topple you, we'll find some way to stop you and take control of the weapons. so we'll be talking. nobody knows more or cares more about this than the next door neighbor to syria, israel. we'll be talking to israel's ambassador to the united states at the top of the hour. >> all right, chris. let's end on a better note. redskins or ravens today? >> oh, redskins, easy. >> we like that. gotta love the home team. thanks, chris. >> you bet. >> catch fox news sunday at 9:00 a.m., right after our show. . >>> well, history in the commonwealth. delegate herring was unanimously elected as the new chair woman of the state democratic party. she is the first african american to hold the position. the three-term delegate succeeds moran, who announced he wouldn't seek another term. . >>> and of course the big game today. everyone's talking about it. fedex field. and our photographer is out there with those live shots. it's a little gloomy right now! >> it is. it's showery and we also have fog and lots of cloud
the president and hillary clinton said, that's it, red line, you use chemical weapons, we'll topple you, we'll find some way to stop you and take control of the weapons. so we'll be talking. nobody knows more or cares more about this than the next door neighbor to syria, israel. we'll be talking to israel's ambassador to the united states at the top of the hour. >> all right, chris. let's end on a better note. redskins or ravens today? >> oh, redskins, easy. >> we like that....
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we have chris lahane who worked for the clintons and got to be good or at least really experienced. anncr: some politicians seem to think medicare and... social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to g
we have chris lahane who worked for the clintons and got to be good or at least really experienced. anncr: some politicians seem to think medicare and... social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and......
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Dec 2, 2012
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clinton 4% growth. more than 4% and reagan chose to that. that buoyed public sentiment that helped their approval ratings throughout enormous revenues that they could use. if obama gets a recession in the second term after the slow growth of the first term, he's dead in the water. he can't afford that. >> yes, but ball there's a whole economic school, we call it keynesian, which says that when the economy is slow and not growing, government has to step in and play the role of the engine of growth, by spending money. this is something that the democrats believe in religiously, and they think that the only way to get the economy growing again is to spend a lot of money from the government. that's where the problem comes in. >> all right. when we come back. as he prepares for a second term. president obama faces the prospect of assembling a whole new national security team. a closer look who could fill the top post and a preview of the controversies to come next. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the o
clinton 4% growth. more than 4% and reagan chose to that. that buoyed public sentiment that helped their approval ratings throughout enormous revenues that they could use. if obama gets a recession in the second term after the slow growth of the first term, he's dead in the water. he can't afford that. >> yes, but ball there's a whole economic school, we call it keynesian, which says that when the economy is slow and not growing, government has to step in and play the role of the engine...
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Dec 9, 2012
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would you accept returning to the clinton rate of 39.6%? or, would you accept something, perhaps, a mid point, 37% or starting with people who make $500,000, rather than 250? >> well, chris, there is a growing group of folks, that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that is it. the presidency and the senate, is in the democrats' hands, and a lot of people are putting forth a theory and i actually think it has merit where you go ahead and give the president the 2% increase, that he is talking about, rate increase on the top 2% and all of a sudden the shift goes back to entitlements, and all of a sudden once you give him the right on the top 2%, it is actually much lesser tax increase than what he has been talking about, the focus then shifts to entitlements and maybe it puts us in a place where we actually can do something that really saves the nation, so, there is a growing body, i actually am beginning to believe that is the best rout
would you accept returning to the clinton rate of 39.6%? or, would you accept something, perhaps, a mid point, 37% or starting with people who make $500,000, rather than 250? >> well, chris, there is a growing group of folks, that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that is it. the presidency and the senate, is in the democrats' hands, and a lot of people are putting forth a theory...
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they may finds a compromise that isn't necessarily clinton era tax rates, something in between. but it looks like the makings of a deal. with every change on the republican side, more and more likely to happen than not. >> all right. we'll see about that. we'll be watching. obviously, very, very important for the markets. thanks. see you later. >>> let's get to bertha coombs. one company with big moves after the bell. over to you. >> maria, amarin is falling after the bell. some had suspected them to solicit a bid to buy itself out. it has a drug that's a fish oil drug that's prescription. they say they're hiring a sales staff and they still expect to present more details to the fda in february 2013. some disappointment, clearly, there. maria. >> thanks so much, bertha. we'll keep watching that. >>> up next, the stock market and america. steve liesman up next with surprising new results from the exclusive cnbc survey. >>> and then as the lawsuits fly over hewlett-packard's autonomy mess, i'll talk with the ceo of deloitte and their role in looking over the books. ally bank. why
they may finds a compromise that isn't necessarily clinton era tax rates, something in between. but it looks like the makings of a deal. with every change on the republican side, more and more likely to happen than not. >> all right. we'll see about that. we'll be watching. obviously, very, very important for the markets. thanks. see you later. >>> let's get to bertha coombs. one company with big moves after the bell. over to you. >> maria, amarin is falling after the bell....
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and what clinton could do in the future, i don't know. i don't know why obama is so insistent on higher tax rates except it fits his rhetoric. stuart: at the end of the day, i think that the republicans will actually submit on the issue of higher tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000 and everyone agrees those should be put through and then put through another bill that extends the tax cuts on those $250,000 and above and let the democrats take ownership because you know, they're going to be held responsible for the economic performance of 2013 and come 2014, you can actually get a political change that might make a difference. stuart: we'll wait and see on that one. art laffer, always a pleasure. >> bye now. stuart: the republicans submit their fiscal cliff solution. now, that plan put out by speaker boehner, includes 800 billion doll
and what clinton could do in the future, i don't know. i don't know why obama is so insistent on higher tax rates except it fits his rhetoric. stuart: at the end of the day, i think that the republicans will actually submit on the issue of higher tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000...
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secretary of state hillary clinton is expected to testify this week in open congressional hearings on that attack. >>> and egypt's military is warning of disastrous consequences if the political crisis in that country is not resolved. president mohamed morsi is pushing for a solution. but major groups are protesting. protesters have stormed the palace there. >>> and the other winner of that record powerball jackpot has now claimed his prize. arizona lottery officials announcing that the winner has chosen to remain anonymous. but they did say he took the cash option of 192 million bucks. he's married, in his 30s. whoever he is, we know he is not this guy, who was seen in a store in maryland, acting like he was celebrating. he claimed or believed or was faking was the winning ticket. >>> and quite a haul for u.s. customs this week. federal officers seized nearly 36,000 rubber ducks. they were made in china. the ducks, which are decorated for the holidays contain high levels of a chemical that may be unsafe for children. >>> and finally, the story about one mother who couldn't quite make
secretary of state hillary clinton is expected to testify this week in open congressional hearings on that attack. >>> and egypt's military is warning of disastrous consequences if the political crisis in that country is not resolved. president mohamed morsi is pushing for a solution. but major groups are protesting. protesters have stormed the palace there. >>> and the other winner of that record powerball jackpot has now claimed his prize. arizona lottery officials...